Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Markets are mixed Tuesday as some of the 2025 momentum leaders lose steam. That’s pulling the S & P 500 and Nasdaq into the red, while the Dow Jones Industrial Average hit a fresh record high, led by a roughly 3% gain in Club name Home Depot . The majority of the “Magnificent Seven” stocks are down this morning; a notable exception is Apple , which has been a laggard this year. Meanwhile, Palantir , the posterchild of momentum, is one the worst-performing stocks in the S & P 500. Oracle and Netflix are also lower, along with Club high-fliers Broadcom and GE Vernova . “What’s helping the market today is some of the stocks that have underperformed, some more value-based stocks,” said Jeff Marks, the Club’s director of portfolio analysis. We snatched up shares of our newest portfolio holding, Cisco, earlier Tuesday. The stock opened the session lower but later fought into the green. 2. Home Depot’s strong day is coming despite the retailer reporting weaker-than-expected quarterly revenue and earnings before the opening bell. It did, however, reaffirm its full-year outlook. “The expectations here are actually much lower because we all know that the housing cycle is at a 40-year low,” Jeff said. Beyond the surface, Jeff noted that the retailer’s month-by-month sales stats painted a “very bullish outlook for the third quarter.” Comparable-store sales rose 0.3% in May, 0.5% in June and surged 3.3% in July. “You want to see strength exiting the quarter because that tends to lead to momentum in the new quarter,” he said. We’ll have our full earnings analysis out later Tuesday. 3. Nvidia is developing a new AI processor for China, according to Reuters . The report said the company is creating a newer and more advanced chip than the H20 model that it was approved to sell to the country. The Club chipmaker is looking to begin delivering samples as early as next month, Reuters reported, though regulatory approvals are not guaranteed. Additionally, any greenlights from the U.S. government could result in a deal structure similar to Nvidia’s recent 15% revenue agreement with the Trump administration. Later on Tuesday, Nvidia told CNBC in a statement: “We evaluate a variety of products for our roadmap, so that we can be prepared to compete to the extent that governments allow.” (Jim Cramer’s Charitable Trust is long CSCO, HD, NVDA . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
